Ring Energy, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $307.2M | $366.3M | $361.1M | $347.2M | $196.3M | $113.0M | $195.7M | $120.1M |
| Cost of Revenue | — | — | $457.6K | $1.8M | $4.3M | $4.1M | $2.9M | $27.8M |
| Gross Profit | — | — | $360.6M | $345.4M | $192.0M | $108.9M | $192.8M | $92.3M |
| Gross Margin | — | — | 99.9% | 99.5% | 97.8% | 96.4% | 98.5% | 76.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $31.9M | $29.6M | $29.2M | $27.1M | $16.1M | $16.9M | $19.9M | $12.9M |
| Operating Income | $-34.3M | $132.9M | $145.8M | $191.7M | $95.8M | $-268.7M | $60.1M | $20.0M |
| Operating Margin | -11.2% | 36.3% | 40.4% | 55.2% | 48.8% | -237.7% | 30.7% | 16.6% |
| Interest Expense | — | — | $43.9M | $23.2M | $14.5M | $17.6M | $13.9M | $427.9K |
| Pretax Income | $-42.2M | $87.9M | $105.0M | $147.0M | $3.4M | $-259.4M | $43.3M | $12.4M |
| Income Tax Expense | $-7.5M | $20.4M | $125.2K | $8.4M | $90.3K | $-6.0M | $13.8M | $3.4M |
| Net Income | $-34.7M | $67.5M | $104.9M | $138.6M | $3.3M | $-253.4M | $29.5M | $9.0M |
| Net Margin | -11.3% | 18.4% | 29.0% | 39.9% | 1.7% | -224.2% | 15.1% | 7.5% |
| EPS (Basic) | $-0.17 | $0.34 | $0.55 | $1.14 | $0.03 | $-3.48 | $0.44 | $0.15 |
| EPS (Diluted) | $-0.17 | $0.34 | $0.54 | $0.98 | $0.03 | $-3.48 | $0.44 | $0.15 |
| Shares Outstanding (Basic) | 205.0M | 197.9M | 190.6M | 121.3M | 99.4M | 72.9M | 66.6M | 59.5M |
| Shares Outstanding (Diluted) | 205.0M | 200.3M | 195.4M | 141.8M | 121.2M | 72.9M | 66.8M | 60.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |